Freddie Mac’s mortgage rate is up to 7.31%, the highest level since December 2000. That means that mortgage rates are up 69% under Biden.
![](https://confoundedinterestnet.files.wordpress.com/2023/09/freddefd.png?w=1024)
That is in spite of $2.5 TRILLION in agency MBS being held on The Fed’s balance sheet.
As the 10-year Treasury yield is up to 4.67%.
![](https://confoundedinterestnet.files.wordpress.com/2023/09/image-30.png?w=1024)
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